skyline":xhts8qqt said:Caustic Burno":xhts8qqt said:Neighbor died last week, kids have already started hauling all the cattle to the sale barn.
It amazes me to see sixty plus years of work on a beautiful place sold off as fast they can.
CB, I know that is hard to watch, especially if the feller was your buddy.
Sad thing to me is all the folks that come on here trying to figure out how they can get started with cattle. As we read their questions and their stories, we all know that about the only way to do it on anything bigger than a hobby scale is to inherit it or spend a lot of money that you've made somewhere else. Those folks are trying to figure out how the heck to get started and the ones you are talking about are trying to figure out how to get out of it. I guess that's the way of life. One man's dream is another man's nightmare.
Another sad fact is that oftentimes, the idiotic inheritence tax rules in this country drive people to these decisions. Especially if a person inherits a lot of capital assets with very little cash.
If one of the children would have wanted to take over the farm they should have been there years ago, there are a lot of ways to avoid taxes with a bit of for thought and planning